Algeria: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in Algeria

The Algerian market for fully or partly automatic electric machines for arc welding of metals contracted sharply to $X in 2022, reducing by -37.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption faced a deep setback. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports from Algeria

Exports of fully or partly automatic electric machines for arc welding of metals from Algeria reached X units in 2022, growing by 2.7% on the year before. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 when exports increased by 371% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals reduced slightly to $X in 2022. Overall, exports saw a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 325%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

Italy (X units) was the main destination for exports of fully or partly automatic electric machines for arc welding of metals from Algeria, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to -5.1%.

In value terms, Italy ($X) also remains the key foreign market for fully or partly automatic electric machines for arc welding of metals exports from Algeria.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy stood at +5.3%.

Export Prices by Country

The average export price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, which is down by -4.3% against the previous year. In general, the export price, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 129%. The export price peaked at $X per unit in 2021, and then dropped slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Italy.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +11.0% per year.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports into Algeria

In 2022, imports of fully or partly automatic electric machines for arc welding of metals into Algeria reduced dramatically to X units, with a decrease of -41.4% compared with 2021 figures. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 180% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals declined significantly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 226% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Canada (X units), Italy (X units) and France (X units) were the main suppliers of imports of fully or partly automatic electric machines for arc welding of metals to Algeria, with a combined 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Turkey ($X) and France ($X) were the largest fully or partly automatic arc welding machine suppliers to Algeria, together accounting for 53% of total imports.

Turkey, with a CAGR of +29.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fully or partly automatic electric machines for arc welding of metals stood at $X per unit in 2022, surging by 12% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fully or partly automatic electric machines for arc welding of metals increased by +58.7% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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